Jump to content

Commodities - IG Client Sentiment


MongiIG

Recommended Posts

Oil - US Crude IG Client Sentiment: Our data shows traders are now net-short Oil - US Crude for the first time since Nov 10, 2021 when Oil - US Crude traded near 80.51.

Oil - US Crude Client Positioning

NUMBER OF TRADERS NET-SHORT HAS INCREASED BY 6.69% FROM LAST WEEK.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

Oil - US Crude

BULLISH

49.60%

50.40%

-13.33% Daily

-5.80% Weekly

10.69% Daily

6.69% Weekly

-2.69% Daily

0.11% Weekly

Oil - US Crude: Retail trader data shows 49.60% of traders are net-long with the ratio of traders short to long at 1.02 to 1. In fact, traders have remained net-short since Nov 10 when Oil - US Crude traded near 80.51, price has moved 1.92% lower since then. The number of traders net-long is 13.33% lower than yesterday and 5.80% lower from last week, while the number of traders net-short is 10.69% higher than yesterday and 6.69% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests Oil - US Crude prices may continue to rise.

Our data shows traders are now net-short Oil - US Crude for the first time since Nov 10, 2021 when Oil - US Crude traded near 80.51. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil - US Crude-bullish contrarian trading bias.

Jan 6, 2022 | Research, Research Team. DailyFX

Link to comment

Silver IG Client Sentiment: Our data shows traders are now at their most net-long Silver since Dec 08 when Silver traded near 22.44.

Silver Client Positioning

NUMBER OF TRADERS NET-SHORT HAS DECREASED BY 31.87% FROM LAST WEEK.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

Silver

BEARISH

96.15%

3.85%

2.72% Daily

6.67% Weekly

-17.42% Daily

-31.87% Weekly

1.76% Daily

4.39% Weekly

Silver: Retail trader data shows 96.15% of traders are net-long with the ratio of traders long to short at 24.95 to 1. Our data shows traders are now at their most net-long Silver since Dec 08 when Silver traded near 22.44. The number of traders net-long is 2.72% higher than yesterday and 6.67% higher from last week, while the number of traders net-short is 17.42% lower than yesterday and 31.87% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Silver prices may continue to fall.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Silver-bearish contrarian trading bias.

Jan 6, 2022 | Research, Research Team. DailyFX

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • DOGS point continue to buzz the industry especially with the launched of Pre-market trading. Let see if this will be another Notcoin or bigger 
    • Ton Blockchain continues to lead in crypto adoption through the introduction of innovative projects like Notcoin, Tapswap, Hamster, Dogs etc. All this tap to earn projects continues to buzz the ecosystem while hypes and expectations from users continue to rise. This creative innovation has led to massive accumulation of $TON which has seen the token rise from $2.5 to $7.4.  Similar way we witness the rise of Solana Memes, Ton is trekking in similar direction but I wonder if it could outperform Solana. With the introduction of first Ton Dog meme (DOGS Point) many wonder if it could outperform $**** over 27k % gain? Considering the fact that $DOGS was airdropped to telegram users based on age of their account, many analyst are skeptical it could attain that height but don’t forget the success of $NOT which promises nothing but did huge airdrop to users.  I wonder if Bitget and Gateio adding DOGS to their Pre-market Trading means anything but since DOGS image is inspired by Spotty, a mascot created by TON founder Pavel Durov for the Telegram community we could be on for something big.
    • The crypto space is flooded with tokens, and there's no denying that meme projects have been grabbing headlines recently. With celebrities jumping on board to promote their favorite coins, it's easy to get caught up in the hype. One thing to remember about meme coins is their inherent volatility. While they offer the potential for quick gains, they can also crash just as fast. Despite the risk, these projects often attract investors  Now, let's take a look at DOGS Point (DOGS). Inspired by Spotty, the Telegram mascot, this project aims to be more than just a meme coin. According to their community announcement, all sales revenue goes towards supporting orphanages and children's homes. This charitable aspect, coupled with their impressive 2.3 million Telegram followers in just eight days, suggests a strong and passionate community. Furthermore, Bitget's decision to launch DOGS Points for pre-market trading indicates potential investor interest. So, what are your thoughts on DOGS Point? Does the charitable angle combined with the strong community make it a project worth considering, or is the meme coin volatility a turn-off?
×
×
  • Create New...
us